RBI Faces an Increase in Equity

People ♦ Published: February 8, 2011; 00:18 ♦ (Vindobona)

The Austrian Raiffeisen Bank International will strengthen its equity, announces Attorney General Konrad.

RBI Faces an Increase in Equity / Picture: © Wikipedia / Franz Johann Morgenbesser (CC BY-SA 2.0)

After the purchase of the Polish Polbank, RBI will refinance by issuing new shares. In an interview with the "Wirtschaftsblatt” magazine," the Attorney General Christian Konrad said "Given our growth plans and Basel III, an increase in equity is sure to occur."

Konrad sees no contradiction between the condition imposed by the state participation capital of the Republic of…